Planet Labs: Great Quarter, But Valuation Has Outrun The Fundamentals (Downgrade)

The last two times I looked at Planet Labs PBC (NYSE: PL ), I rated the stock a Buy . There was solid evidence showing us that the demand for commercial satellite imagery was reallyI focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure:I/we have a beneficial long position in the sha ...